Latest news with #WilliamWang
Forbes
6 days ago
- Business
- Forbes
Formosa Heirs Drop Off Taiwan's 50 Richest List Amid Global Chemical Sector Downturn
William Wang. This story is part of Forbes' coverage of Taiwan's Richest 2025. See the full list here. With Taiwan's chemicals sector battling headwinds, brothers William and Wilfred Wang, who draw their wealth from Formosa Plastics Group and first appeared in the ranks of Taiwan's richest in 2018, are among the four dropoffs this year. ss Shares of group flagship, Formosa Plastics Corp., which reported a NT$1.2 billion ($40 million) net loss in 2024, its first in decades, plunged nearly 50% from a year ago. Other major listed units, Formosa Chemicals and Fibre, Formosa Petrochemical and Nan Ya Plastics, also saw their shares slide. One of the world's largest producers of plastics and petrochemicals, Formosa has been buffeted by slowing global demand and oversupply from mainland China. Unlike its mainland rivals, the group is also hamstrung by its reliance on imported raw materials, says Michelle Cheng, an associate at Taipei-based MasterLink Securities Investment Advisory. She adds that Formosa's carbon-neutrality transformation has also been lagging. Looking ahead, she says, the export-led group will have to navigate increasing trade protectionism in mainland China and the U.S., two of its main markets. Cofounded by their late father and headed by William since 2006, Formosa Plastics Group has been trying to weather the storm by expanding in India, Southeast Asia and other markets and also by developing more value-added products. In the past few years, the brothers have stepped away from day-to-day management, handing it over to professionals.
Mid East Info
17-03-2025
- Business
- Mid East Info
Investopia and SIEF sign MoU to exchange expertise in entrepreneurship, new economy and investment promotion
Agreement explores potential for hosting a global edition of Investopia in China. Investopia signed a Memorandum of Understanding with the Sino-International Entrepreneurs Federation (SIEF) to exchange expertise and promote collaboration in entrepreneurship, small and medium-sized enterprises (SMEs), new economy sectors, and investment promotion. The signing of the MoU marks a new step in strengthening the economic and investment ties between the UAE and China, creating new opportunities to enhance Investopia' s presence in the Chinese markets. The signing took place on the sidelines of the 4th edition of Investopia in Abu Dhabi on February 26 and 27, 2025, under the theme 'Harnessing MegaForces.' Dr Jean Fares, CEO of Investopia, and William Wang, the Chief Representative for Middle East & Africa at SIEF, signed the MoU. The partnership seeks to provide more enablers and opportunities that foster a competitive investment environment for businessmen, investors, and entrepreneurs in the UAE and China. Promoting Investopia in the Chinese market: Under the terms of the MoU, SIEF will promote Investopia through its various digital platforms and communication channels. In addition to expanding its reach to investors, entrepreneurs, and within the Chinese private sector, the goal is to improve investment collaboration prospects between the UAE and China. The collaboration also explores the prospect of hosting a global edition of Investopia in China. The initiative exemplifies the shared commitment of both parties to enhancing global economic dialogue and fostering an environment conducive to the exchange of knowledge and expertise at the private sector level. The MoU paves the way for new strategic partnerships to bolster global economic growth and strengthen the UAE's position as a global hub for investment and entrepreneurship. The agreement also aligns with Investopia's goal to expand its reach regionally and globally by launching new initiatives in emerging markets and fostering creativity and entrepreneurship in the new economy. The move is expected to offer a range of investment opportunities across various vital economic sectors. China-Arab Entrepreneurs Summit: The fourth edition of Investopia 2025 hosted three global forums, including the China-Arab Entrepreneurs Summit under the theme 'Seizing New Opportunities.' This forum witnessed extensive participation from Arab and Chinese officials, businessmen, and entrepreneurs. Sino-International Entrepreneurs Federation (SIEF): SIEF is a key Chinese economic organization committed to fostering the entrepreneurship and investment environment by connecting Chinese entrepreneurs with global markets. Furthermore, it organises high-level economic and investment events that bring together leading Chinese and global companies, reinforcing its role as a significant platform in the business and investment realms. Since 2023, SIEF has hosted the Annual China-Arab Entrepreneurs Summit, a key initiative that connects prominent business leaders and public sector in China and the Middle East. UAE-China economic relations: The UAE and China share robust economic and trade ties, with China being the UAE's largest global trade partner. In addition, the UAE is China's largest partner in the Middle East and North Africa (MENA) region. There are approximately 15,500 Chinese companies currently operating in the UAE.
Zawya
17-03-2025
- Business
- Zawya
Investopia and SIEF sign MoU to exchange expertise in entrepreneurship, new economy and investment promotion
Abu Dhabi: Investopia signed a Memorandum of Understanding with the Sino-International Entrepreneurs Federation (SIEF) to exchange expertise and promote collaboration in entrepreneurship, small and medium-sized enterprises (SMEs), new economy sectors, and investment promotion. The signing of the MoU marks a new step in strengthening the economic and investment ties between the UAE and China, creating new opportunities to enhance Investopia' s presence in the Chinese markets. The signing took place on the sidelines of the 4th edition of Investopia in Abu Dhabi on February 26 and 27, 2025, under the theme 'Harnessing MegaForces.' Dr Jean Fares, CEO of Investopia, and William Wang, the Chief Representative for Middle East & Africa at SIEF, signed the MoU. The partnership seeks to provide more enablers and opportunities that foster a competitive investment environment for businessmen, investors, and entrepreneurs in the UAE and China. Promoting Investopia in the Chinese market Under the terms of the MoU, SIEF will promote Investopia through its various digital platforms and communication channels. In addition to expanding its reach to investors, entrepreneurs, and within the Chinese private sector, the goal is to improve investment collaboration prospects between the UAE and China. The collaboration also explores the prospect of hosting a global edition of Investopia in China. The initiative exemplifies the shared commitment of both parties to enhancing global economic dialogue and fostering an environment conducive to the exchange of knowledge and expertise at the private sector level. The MoU paves the way for new strategic partnerships to bolster global economic growth and strengthen the UAE's position as a global hub for investment and entrepreneurship. The agreement also aligns with Investopia's goal to expand its reach regionally and globally by launching new initiatives in emerging markets and fostering creativity and entrepreneurship in the new economy. The move is expected to offer a range of investment opportunities across various vital economic sectors. China-Arab Entrepreneurs Summit The fourth edition of Investopia 2025 hosted three global forums, including the China-Arab Entrepreneurs Summit under the theme "Seizing New Opportunities." This forum witnessed extensive participation from Arab and Chinese officials, businessmen, and entrepreneurs. Sino-International Entrepreneurs Federation (SIEF) SIEF is a key Chinese economic organization committed to fostering the entrepreneurship and investment environment by connecting Chinese entrepreneurs with global markets. Furthermore, it organises high-level economic and investment events that bring together leading Chinese and global companies, reinforcing its role as a significant platform in the business and investment realms. Since 2023, SIEF has hosted the Annual China-Arab Entrepreneurs Summit, a key initiative that connects prominent business leaders and public sector in China and the Middle East. UAE-China economic relations The UAE and China share robust economic and trade ties, with China being the UAE's largest global trade partner. In addition, the UAE is China's largest partner in the Middle East and North Africa (MENA) region. There are approximately 15,500 Chinese companies currently operating in the UAE. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
